Wednesday, January 18, 2017

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The algo prints two numbers today. The low volatility slaps the bears around each day. Slap, slap. Utilities keep dancing around the UTIL 663.25. The robot has told you this level is critical for several days. Price sits here overnight and the pivot from 663.25 is important after tomorrow's opening bell.

Bears need UTIL under 663.25 and GTX (Goldman Sachs Commodity Index) under 2335 (now at 2378) to create broad market selling. If both parameters turn bearish, and the SPX drops under 2263, Keybot will likely flip short.

For the SPX starting at 2272, the bulls need any smidge of green in the futures and the upside will accelerate quickly towards 2280. The bears need the SPX to drop under 2263 to accelerate the downside. A move through 2264-2271 is sideways action for Thursday. Keybot prints a pre-scheduled number before tomorrow's opening bell. The bulls remain in control and the algorithm remains at an epic and historic +100 maxed-out value. These are historic times.

1/22/17; 7:00 PM EST =
1/19/17; 9:00 AM EST =
1/18/17; 3:46 PM EST = +100; signal line is +77
1/18/17; 3:14 PM EST = +84; signal line is +75
1/17/17; 3:38 PM EST = +100; signal line is +73

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